Easter Park is strategically located between the M3 (11 miles to the south) and M4 (6 miles to the north) motorways, in the heart of the Thames Valley. The Green is one of three phases of Easter Park, which in total comprises around 240,000 sq ft of high quality office and industrial accommodation set on over 20 acres. The property is located to the south of Benyon Road, which has direct access to Reading Road (A340). Other occupiers on Easter Park include Anesco Energy, Elliott Group, Atkins Global and CTS Logistics. Aldermaston is internationally recognised as the headquarters of the UK’s Atomic Weapons Establishment, which is located opposite Easter Park and employs over 4,000 people.
Tenure
Freehold.
Location
Miles
8 miles north-west of Basingstoke, 9 miles south-west of Reading, 10 miles south-east of Newbury
Easter Park is strategically located between the M3 (11 miles to the south) and M4 (6 miles to the north) motorways, in the heart of the Thames Valley. The Green is one of three phases of Easter Park, which in total comprises around 240,000 sq ft of high quality office and industrial accommodation set on over 20 acres. The property is located to the south of Benyon Road, which has direct access to Reading Road (A340). Other occupiers on Easter Park include Anesco Energy, Elliott Group, Atkins Global and CTS Logistics. Aldermaston is internationally recognised as the headquarters of the UK’s Atomic Weapons Establishment, which is located opposite Easter Park and employs over 4,000 people.
Tenure
Freehold.
Description
The property comprises a modern office arranged on the ground and first floors. The property benefits from full access raised floors, comfort cooling, suspended ceilings and open vaulted ceilings to the first floor. The property also benefits from the right to park 10 cars to the front of the building.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a modern office arranged on the ground and first floors. The property benefits from full access raised floors, comfort cooling, suspended ceilings and open vaulted ceilings to the first floor. The property also benefits from the right to park 10 cars to the front of the building.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground First
Offices Offices
88.91 sq m 113.34 sq m
(957 sq ft) (1,220 sq ft)
SYSTEMS MECHANICS LIMITED (1)
A term of years from 15/01/2018 until 19/07/2023 on an effectively full repairing and insuring lease
£35,000 (2)
Total
202.25 sq m
(2,177 sq ft)
£35,000 (2)
(1) Systems Mechanics Limited provide software solutions for the telecoms industry, with clients including Vodafone, Telefonica, Ucell, Swisscom and TeliaSonera. For the year ending 30th September 2017, Systems Mechanics Limited reported net assets of £1,084,325 (Sources: www.sysmech.co.uk (16/01/2018) and Systems Mechanics Limited 2017 Annual Report). (2) Systems Mechanics Limited are currently benefiting from a rent free period due to expire on 15th May 2018. The Seller has agreed to adjust the completion monies so that the property will effectively produce £35,000 p.a.x. from completion of the sale until the expiry of the rent free period. The Vendor holds a £5,000 rent deposit.
